There are now fears the world is teetering on the brink of a global recession, after horror new inflation data from the US.

Fears the world is barrelling ­towards 1970s-style stagflation has pushed global shares into a bear market.

Reserve Bank of Australia governor Phillip Lowe expects inflation to hit 7% by December

While most Australians are preparing to be hit with skyrocketing gas prices, a shocking report has revealed most of the profits will be going to foreign owners.

Sky News Australia has become a key global hub for climate misinformation, according to a new report

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